Tongcheng Travel's Acquisition Pace Could Slow -- Market Talk

Dow Jones

Jan 22

0501 GMT - Tongcheng Travel is likely to slow its acquisitions this year after completing several buys in 2025, Citi analysts Brian Gong and Alicia Yap say in a note. The Chinese travel company could focus on buying light assets that have clear synergy with its online travel agency business, they say. Expansion into lower-tier cities, a recovery in the hotel average daily rate, and the outbound travel segment could then boost Tongcheng's hotel revenue growth and margins, they add. Despite Tongcheng's recent share-price decline, the company is unlikely to be weighed by the regulatory probe into major shareholder Trip.com Group, as its operations are relatively independent, the analysts add. Citi maintains its buy rating and HK$28.00 target. Shares are down 1.8% at HK$23.18. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

January 22, 2026 00:02 ET (05:02 GMT)

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The Chinese travel company could focus on buying light assets that have clear synergy with its online travel agency business, they say. Expansion into lower-tier cities, a recovery in the hotel average daily rate, and the outbound travel segment could then boost Tongcheng's hotel revenue growth and margins, they add. Despite Tongcheng's recent share-price decline, the company is unlikely to be weighed by the regulatory probe into major shareholder Trip.com Group, as its operations are relatively independent, the analysts add. Citi maintains its buy rating and HK$28.00 target. Shares are down 1.8% at HK$23.18. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 22, 2026 00:02 ET (05:02 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tongcheng Travel's Acquisition Pace Could Slow -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTongcheng Travel's Acquisition Pace Could Slow -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-22 13:02</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0501 GMT - <a href=\"https://laohu8.com/S/TNGCF\">Tongcheng Travel</a> is likely to slow its acquisitions this year after completing several buys in 2025, Citi analysts Brian Gong and Alicia Yap say in a note. The Chinese travel company could focus on buying light assets that have clear synergy with its online travel agency business, they say. Expansion into lower-tier cities, a recovery in the hotel average daily rate, and the outbound travel segment could then boost Tongcheng's hotel revenue growth and margins, they add. Despite Tongcheng's recent share-price decline, the company is unlikely to be weighed by the regulatory probe into major shareholder Trip.com Group, as its operations are relatively independent, the analysts add. Citi maintains its buy rating and HK$28.00 target. Shares are down 1.8% at HK$23.18. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 22, 2026 00:02 ET (05:02 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0640798160.USD","symbol_name":"EASTSPRING INVESTMENTS GLOBAL EMERGING MARKET DYNAMIC \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2605451780","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2605451780","pubTimestamp":1769058120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0501 GMT - Tongcheng Travel is likely to slow its acquisitions this year after completing several buys in 2025, Citi analysts Brian Gong and Alicia Yap say in a note. The Chinese travel company could focus on buying light assets that have clear synergy with its online travel agency business, they say. Expansion into lower-tier cities, a recovery in the hotel average daily rate, and the outbound travel segment could then boost Tongcheng's hotel revenue growth and margins, they add. Despite Tongcheng's recent share-price decline, the company is unlikely to be weighed by the regulatory probe into major shareholder Trip.com Group, as its operations are relatively independent, the analysts add. Citi maintains its buy rating and HK$28.00 target. Shares are down 1.8% at HK$23.18. 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The Chinese travel company could focus on buying light assets that have clear synergy with its online travel agency business, they say. Expansion into lower-tier cities, a recovery in the hotel average daily rate, and the outbound travel segment could then boost Tongcheng's hotel revenue growth and margins, they add. Despite Tongcheng's recent share-price decline, the company is unlikely to be weighed by the regulatory probe into major shareholder Trip.com Group, as its operations are relatively independent, the analysts add. Citi maintains its buy rating and HK$28.00 target. Shares are down 1.8% at HK$23.18. 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